ILCOIN (ILC): How Does the Chart Look Thursday?

Thursday, December 23, 2021 04:39 PM | InvestorsObserver Analysts

ILCOIN receives a weak long-term technical score of 19 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. ILC currently holds a superior long-term technical analysis score than 19% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving ILCOIN a 19 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ILCOIN!

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Trading Analysis

ILCOIN's price is $0.0004488 (8.72%) above its 100-day moving average price of $0.005147574 as its price at the moment sits at $0.005596412. Additionally, ILC is $0.0037137 (-583954.53%) higher than its 52-week low price of $0.001882750 while -$2.47252034 (-403.31%) under its 52-week high of $2.478116751. The current trading price in relation to its long-term average along with its 52-week high and low, gives ILC an average long-term technical score of 19. Long-term trading movement of ILCOIN suggest that investors are bearish on the coin at the moment. ILCOIN has a market capitalization of $4,703,742.22 and a relatively low average daily volume with $110,529.14 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ILC's volume is below its seven day average with 16,328.09 exchanged. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Trading patterns over the last year for ILCOIN leads to the coin's a weak long-term technical score of 19 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on ILCOIN (ILC).